😣Bitcoin is used in human trafficking and the purchase of child porn material
The US Department of the Treasury's Financial Crimes Unit has found that BTC is becoming an increasingly popular asset in the trafficking of people and sexual abuse material Based on reports from financial firms, there was an increase in such crimes in 2020 and 2021. The analysis found 2,311 reports of cryptocurrency use worth more than $412 million.
👀 Keep an eye out for the biggest token unlocks next week:
STRK: Unlocking 8.79% ($78.08 million)
CYBER: Unlocking 4.13% ($4.28 million)
AEVO: Issuing 827.63 million tokens
ARB: Unlocking 3.49% ($93.02 million)
APE: Unlocking 2.48% ($19.03 million)
MANTA: Unlocking 2.66% ($11 million)
ROSE: Unlocking 2.54% ($14.63 million)
PIXEL: Unlocking 7.05% ($20.47 million)
These unlock events could significantly impact the market. When large amounts of tokens become available for trading, it often leads to increased selling pressure as token holders may choose to cash out their profits. This influx of supply can drive prices down temporarily.
Conversely, if the market absorbs the new supply efficiently, it could indicate strong demand and potentially lead to price stabilization or even growth. Stay informed and plan your strategies accordingly! 📈🚀
Overview of Space ID: Revolutionizing Blockchain Naming
🆔 Introduction to Space ID Space ID represents a groundbreaking platform in the realm of blockchain domain names, aiming to drastically transform user interaction with blockchain technology. It simplifies the management and use of digital identifiers by allowing users to replace complex cryptocurrency addresses with easily memorable domains. This not only enhances user experience but also increases security, making digital identification more understandable and accessible. Key Features and Serv
👀 Elon Musk's recent tweet had a significant impact on Optimism, causing its value to surge by 8%.
The market responded swiftly to Musk's tweet, reflecting a notable increase in investor confidence and trading activity surrounding the Optimism cryptocurrency $OP
😮 Independent from the impressive volume happening with #Bitcoin #ETF there has been a distinct flip in the level of $BTC 's supply being held by different sized wallets:
🐳 1K-10K $BTC wallets: $12.95 billion added in 2024 🐋 100-1K $BTC wallets: $7.89 billion dropped in 2024
The net difference in these smaller and larger wallets typically associated with the highest tiers of active whales indicates an estimated +$5.06 billion in Bitcoin accumulation by 100-10K BTC wallets thus far this year. Additionally, the most recent 5-day span has seen the highest level of transactions exceeding $100K in value since June 2022. There has been a clear rise in interest from key stakeholders after Bitcoin's cross above $50K this week.
🤔German police confiscated 50K BTC as part of an investigation into a website running pirated content
German police have seized nearly 50,000 BTC ($2.17 billion) as part of investigations into pirate websites in January 2024. Specifically, the case was against piracy portal Movie2K, whose founders used their profits to buy bitcoins until 2013. To date, this is the largest seizure of cryptocurrency by German law enforcement authorities.
😣Abracadabra Finance has been hacked for about $6.4 million
Abracadabra Finance has been hacked for approximately $6.4 million. According to Blocksec, unknown individuals attacked the project's smart contract. There is still $29 million left in the contract.
NFT marketplace Magic Eden has launched a wallet that supports Solana, Bitcoin, Polygon and Ethereum networks. The wallet was developed in collaboration with Exodus with a focus on convenient storage and use of NFTs.
🤓Changpeng Zhao wanted to bail out his stake in Binance to be able to return home to the UAE
Last month, a court denied Binance founder Changpeng Zhao's request to travel to the UAE. In return, Zhao had offered to place his $4.5 billion in Binance shares as collateral for his return to the US. The valuation of his shares was based on Binance's last funding round two years ago.
Developers have launched the game Doom on the Dogecoin blockchain. The implementation of the game on the blockchain was done through Doginals (analog of Ordinals) inscriptions
BlackRock CEO Larry Fink expressed his acknowledgment of the value of spot ETFs based on the second-largest cryptocurrency, Ethereum, in an interview with CNBC.
He emphasized viewing digital assets as a distinct asset class and drew parallels with the enduring role of gold throughout history. Fink highlighted the limited supply of Bitcoin and considered the current state as "steps toward tokenization."
This statement follows the recent approval of 11 spot exchange-traded funds (ETFs) on Bitcoin by the U.S. Securities and Exchange Commission (SEC).
BlackRock is among the approved issuers for providing ETFs. However, despite investor interest, cryptocurrencies, including Bitcoin, exhibited significant volatility post the ETF launch, partly influenced by SEC Chairman Gary Gensler's remarks regarding the speculative and volatile nature of cryptocurrencies.
Navigating the BNB Beacon Chain Fusion Roadmap: Six Month Plan
The blockchain world is continually advancing, with the BNB Beacon Chain Fusion standing as a prime example of this dynamism. This significant shift in network architecture is being carefully managed through a series of clear monthly targets. This article offers a detailed overview of these targets, set to facilitate a smooth transition for the BNB Chain community.
January Milestones 1. Alerts to Validators and Staking Pools: Initiatives are underway to notify all validators and staking pools a